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Firstsource Solutions Gains 7%; BSE IT Index Up 0.6%
Mon, 19 Aug 12:34

Firstsource Solutions Gains 7%; BSE IT Index Up 0.6%Image source: Ivcandy/www.istockphoto.com

Firstsource Solutions share price has zoomed 7% and is presently trading at Rs 327.9.

Meanwhile, the BSE IT index is at 41,777.9 (up 0.6%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 6.3%) and Birlasoft (up 3.6%).

ZENSAR TECHNOLOGIES (down 1.1%) and Coforge (down 0.2%) are among the top losers today.

Over the last one year, Firstsource Solutions has moved up from Rs 146.7 to Rs 327.9, registering a gain of Rs 181.2 (up 123.5%).

On the other hand, the BSE IT index has moved up from 31,218.6 to 41,777.9, registering a gain of 33.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 175.6%), Firstsource Solutions (up 123.5%) and INFIBEAM AVENUES (up 121.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,419.9 .

The top losers among the BSE Sensex today are M&M (down 2.0%) and Bharti Airtel (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,556.6 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,419.9, registering a gain of 15,018.0 points (up 23.0%).

Firstsource Solutions Financial Update...

Firstsource Solutions net profit grew 7.4% YoY to Rs 1,352 million for the quarter ended June 2024, compared to a profit of Rs 1,260 million a year ago. Net sales rose 17.1% to Rs 17,911 million during the period as against Rs 15,292 million in April-June 2023.

For the year ended March 2024, Firstsource Solutions reported 0.2% increase in net profit to Rs 5,147 million compared to net profit of Rs 5,137 million during FY23. Revenue of the company grew 5.2% to Rs 63,362 million during FY24.

The current Price to earnings ratio of Firstsource Solutions, based on rolling 12 month earnings, stands at 44.1.


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